Connecticut defeases outstanding series 2001B, 2002A and 2002B bonds

By Ashley Montgomery

Kansas City, Kan., Dec. 15 - The State of Connecticut said it defeased three series of its outstanding special tax obligation transportation infrastructure bonds.

The bonds will be redeemed at par on varying redemption dates through Jan.1, 2014.

The following series 2001 B bonds are to be redeemed on Dec. 15:

• $41,165,000 of 5.375% bonds due Oct. 1, 2012;

• $30,565,000 of 5.375% bonds due Oct. 1, 2013;

• $34.28 million of 5.375% bonds due Oct. 1, 2014; and

• $25.43 million of 5.375% bonds due Oct. 1, 2015.

The following series 2002 A bonds will be redeemed on July 1, 2012:

• $2,205,000 of 4.4% bonds due July 1, 2013.

The following series 2002 B bonds will be redeemed on Dec. 1, 2012:

• $2,265,000 of 3.625% bonds due Dec. 1, 2013;

• $360,000 of 4.4% bonds due Dec. 1, 2019;

• $1,065,000 of 4.5% bonds due Dec. 1, 2020;

• $805,000 of 4.6% bonds due Dec. 1, 2021;

• $7,545,000 of 4.65% bonds due Dec. 1, 2022; and

• $8,875,000 of 5% bonds due Dec. 1, 2022.

The following series 2002 B bonds will be redeemed on Jan. 1, 2014:

• $10,015,000 of 5% bonds due Jan. 1, 2016;

• $1.14 million of 4% bonds due Jan. 1, 2017;

• $9.51 million of 5% bonds due Jan. 1, 2017;

• $2.38 million of 4% bonds due Jan. 1, 2018;

• $8,795,000 of 5% bonds due Jan. 1, 2018;

• $810,000 of 4.125% bonds due Jan. 1, 2019;

• $10.9 million of 5% bonds due Jan. 1, 2019;

• $220,000 of 4.25% bonds due Jan. 1, 2020;

• $12,065,000 of 5% bonds due Jan. 1, 2020;

• $140,000 of 4.3% bonds due Jan. 1, 2021;

• $12,760,000 of 5% bonds due Jan. 1, 2021;

• $660,000 of 4.4% bonds due Jan. 1, 2022;

• $12,885,000 of 5% bonds due Jan. 1, 2022;

• $120,000 of 4.5% bonds due Jan. 1, 2023; and

• $14,095,000 of 5% bonds due Jan. 1, 2023.

U.S. Bank, NA is the trustee.

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